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Kentucky Financial Advisor Charged In $800K Fraud

A Louisville financial adviser has been charged with investment adviser fraud, money laundering, aggravated identity theft and wire fraud. The U.S. attorney’s office in Louisville says the indictments are part of a large sweep by law enforcement focusing on elder fraud. The indictment against Derek Payne Burcham Thursday alleges the financial adviser fraudulently obtained more than $800,000 by misappropriating money from investors.

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